News Centre

ISDA Responds To Bank Of England And FCA On UK EMIR

Date 22/02/2022

On February 16, 2022, ISDA responded to the joint Bank of England and Financial Conduct Authority consultation on changes to reporting requirements, procedures for data quality and registration of trade repositories under the UK implementation of the European Market Infrastructure Regulation (EMIR). The consultation sets out proposals for aligning the UK’s derivatives reporting framework with international guidance from the Committee on Payments and Market Infrastructures and International Organization of Securities Commissions. It also covers measures for mandatory delegated reporting requirements, counterparty notifications and reconciliations processes, and the use of XML schemas and global identifiers.

EBA Concludes Its Luanda Leaks Investigation And Points To Significant Differences In Competent Authorities’ Responses To Emerging Money Laundering And Terrorist Financing Risks

Date 22/02/2022

The European Banking Authority (EBA) published today the findings of its assessment of competent authorities’ responses to the 2020 Luanda leaks. The EBA found that competent authorities across the EU adopted significantly different approaches for identifying and tackling money laundering (ML) and terrorist financing (TF) risks highlighted by the leaks. These approaches varied beyond what the EBA would have expected under a risk-based approach.

Cboe Global Markets Promotes Greg Hoogasian To Executive Vice President, Chief Regulatory Officer

Date 22/02/2022

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced the promotion of Greg Hoogasian to Executive Vice President, Chief Regulatory Officer, and appointment to the company's executive leadership team.

Shocks, Uncertainty, And The Monetary Policy Response - Speech By Dave Ramsden, Bank Of England Deputy Governor, Markets And Banking, Given At The National Farmers’ Union Conference, Birmingham

Date 22/02/2022

Dave Ramsden talks about the impact of Covid, Brexit, and high energy prices on the UK economy. Then he sets out how monetary policy supports the economy to adjust to these shocks.

BIS: Original Sin Redux: A Model-Based Evaluation

Date 22/02/2022

Summary

Focus

Having developed and deepened their local currency sovereign bond markets, many EMEs can now routinely borrow from abroad in their own currency. However, overcoming "original sin" – the traditional necessity of borrowing in dollars or another foreign currency – has not led to "redemption". As foreign investors still play an important role in their local currency bond market, EMEs remain vulnerable to capital flow and exchange rate swings. And this gives rise to "original sin redux".

Statement On The FASB’s Agenda Consultation: Engagement With Investors And Other Stakeholders Vital To Development Of High Quality Accounting Standards, Paul Munter, SEC Acting Chief Accountant, Feb. 22, 2022

Date 22/02/2022

Introduction

In June 2021, the Financial Accounting Standards Board (“FASB”) staff published an Invitation to Comment, Agenda Consultation (“ITC”), to solicit broad stakeholder feedback about the FASB’s standard-setting process and its future standard-setting agenda. In addition to feedback sought through the ITC, the development of the ITC itself involved significant outreach by the FASB staff and Board members to a cross-section of stakeholders, approximately one-third of whom were investors or other financial statement users.

FSB Seeks Views On Policy Approaches And Market Practices To Support A Smooth Transition Out Of Debt Overhang Issues

Date 22/02/2022

The Financial Stability Board (FSB) today published a discussion paper on debt overhang issues of non-financial corporates in the context of the COVID-19 pandemic.

UK Financial Conduct Authority: New Financial Sanctions Measures In Relation To Russia

Date 22/02/2022

Following the Prime Minister’s statement to the House of Commons  on 22 February 2022, the UK announced a tranche of sanctions on Russia. The Prime Minister announced further measures on 24 February 2022 which are available on the Foreign, Commonwealth & Development Office website . If you require a licence to permit any activity which would otherwise be prohibited by sanctions regulations, you must contact the relevant department.

Mizuho Americas Partners With Quantifi To Support Its Robust Equity Derivatives Platform

Date 22/02/2022

Quantifi ,  a provider of risk, analytics and trading solutions today announced that it has been selected by Mizuho Americas, an integral part of the Japan-based Mizuho Financial Group, Inc., to support its expanding equity derivatives platform. Quantifi will complement Mizuho America’s existing internal process, providing additional pricing models to further validate its internal models.

IncubEx Announces Launch Date Of The Voluntary Climate Marketplace

Date 22/02/2022

The Voluntary Climate Marketplace (TVCM), a venue for trading global carbon offsets and other bespoke environmental attributes, has announced it will launch on March 25, 2022.